Looking to balance out your exposure to JKHY? The ETFs below have the lowest correlation with JKHY — they tend to move on their own, which can help reduce risk when JKHY drops. The stock ideas table highlights individual companies that behave independently from JKHY.
Best Diversifiers for JKHY
6 ETFs have low correlation with JKHY (below 0.3), 3 of which are negatively correlated. The least correlated is Direxion Daily Semiconductor Bull 3X ETF (SOXL) (Leveraged Equities) with a 1Y correlation of -0.18, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Semiconductor Bull 3X ETF | -0.18 | 0.01 | 0.15 | 97 | Leveraged Equities, Semiconductors | JKHY vs SOXL | |
| State Street Technology Select Sector SPDR ETF | -0.08 | 0.07 | 0.24 | 69 | Technology Equities | JKHY vs XLK | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01 | -0.00 | -0.01 | 100 | Government Bonds, Ultrashort Bond | JKHY vs BIL | |
| Vanguard S&P 500 ETF | 0.06 | 0.22 | 0.37 | 63 | S&P 500 | JKHY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.06 | 0.22 | 0.37 | 63 | S&P 500 | JKHY vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JKHY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JKHY and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.20, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.20 | -0.06 | 0.10 | 66 | Technology | |
| ITT Inc. | -0.02 | 0.17 | 0.29 | 73 | Industrials | |
| Texas Instruments Incorporated | -0.02 | 0.14 | 0.24 | 78 | Technology | |
| Exxon Mobil Corporation | 0.01 | 0.11 | 0.15 | 75 | Energy | |
| Merck & Co., Inc. | 0.02 | 0.15 | 0.20 | 92 | Healthcare |
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